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Waterfront sales post strong gains in July

Waterfront sales post strong gains in July

Sales of waterfront properties recorded through the MLS® system of Muskoka Haliburton Orillia rose 11.2 per cent year-over-year to 269 units in July 2016.
On a year-to-date basis waterfront sales were up 25.2 percent from the first seven months of 2015. This was the best start to any year on record.
“With residential non-waterfront and waterfront sales coming in very strong in July, the combination of both property types rising in tandem really boosted the overall year-over-year sales increase in the region,” said Mike Taylor, President of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®. “That said, it was the waterfront segment that actually had the better month in July. While non-waterfront activity did mark the best July in more than a decade, waterfront sales actually set a new all-time record for July.”

The median price for waterfront sales saw an increase of 17.8 per cent from July 2015.

The total value of waterfront sales was $155.2 million, rising 18.4 per cent from July of last year. This was the highest level of any July on record.

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Includes transactions in all areas recorded by Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®

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Includes transactions in all areas recorded by Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®

Important information
The area served by the more than 680 REALTORS® who belong to Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® serving Muskoka, Haliburton and Orillia, is located less than a two-hour drive north of Toronto, in the heart of Canada’s Cottage Country. There are several major geographical areas within the Association’s boundaries, including the City of Orillia, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, Almaguin Highlands, Lake of Bays and Haliburton. Each of these areas has a unique blend of properties ranging from residential homes in the City of Orillia and smaller towns to the rural areas in-between, as well as a mix of waterfront homes/cottages on the many rivers and lakes throughout our regions that range from the smaller entry level properties to the prestigious.

This entry was posted on August 16, 2016 by lesley

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